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Could your future Social Security benefits be affected by COVID-19?

The COVID-19 pandemic has affected almost every aspect of society and there is no telling how long it will be before our lives goes back to normal. Many older workers’ retirement plans, many soon-to-be retirees have watched their savings evaporate over the last couple of months.  Currently, if you’re already collecting your Social Security benefits or will be soon, your monthly checks likely won’t change; however, there is a chance in the future Social Security recipients could see their future benefits reduced as a result of the COVID-19 pandemic.  Why? Read attached article here…

This posting is presented for informational purposes only and does not represent legal or financial guidance. Any opinions or interpretations presented are either those of the original author or, in the case of articles authored by the AMAC Foundation, are the opinions of AMAC Foundation staff, originally trained and accredited by the National Social Security Association (NSSA) and certified via the AMAC Foundation. Any links included in the article are valid on the posted date; socialsecurityreport.org cannot guarantee the duration of the links’ validity. NSSA and the AMAC Foundation and its staff are not affiliated with or endorsed by the Social Security Administration or any other governmental entity. To submit a question, visit our website (https://amacfoundation.org/services/) or email us at ssadvisor@amacfoundation.org. Because we are a non-profit organization, there is no charge for these services.

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